JOB SUMMARY
- This role could be based in Singapore and UK.
- We are seeking a seasoned Risk practitioner with experience in Regulatory Programmes and exposure to Capital & Liquidity Regulatory reporting to act as the Risk lead on a large scale Regulatory Reporting Strategy Programme that is being established to rebuild and remediate regulatory reporting across COREP, FINREP, Liquidity and IRRBB regulatory reporting. As the Risk Lead, the successful candidate will focus on providing a Risk perspective to the programme and will liaise with Risk Management Team and SME’s to ensure stakeholder agreement on future state changes proposed to Technology, end-to-end processes, Data and Governance.
- The role holder will work directly with the Global Head Reporting, Risk & CFCC, Risk Management Team and key Risk stakeholders, Senior Finance SMEs and Programme resources to ensure that the Risk function requirements and inputs are duly considered so that the Programme delivers a sustainable strategic regulatory reporting solution which ensures timeliness, completeness, accuracy and quality in regulatory reporting that meets SCB management and the PRA expectations.
RESPONSIBILITIES
Strategy
- Good understanding of the Bank's vision and strategy appropriate to the Regulatory Reporting Strategy Programme.
- Good understanding of the firm's functions and organizational structure and Target Operating Model design, including process & controls.
- Thorough understanding of Group Regulatory Reporting and the inputs/support provided by Risk.
Business
- Strong communication skills and ability to provide updates on progress to a variety of Stakeholders.
- Analytical capabilities to provide insight and support workstream leads and SME's on articulating processes, controls and any gaps to be highlighted for remediation.
- Proactive and collaborative, able to facilitate discussion amongst stakeholders to provide a good outcome for both Risk, Finance and the Business.
- Good understanding of expectations from Regulators
Processes
- Awareness and understanding of Financial Regulatory Reporting Processes and challenges.
- Work with the Risk stakeholders to identify the goals/deliverables for the Programme.
- Responsible for the Risk deliverables that are needed to feed into the overall design and solution.
- Continuously track and monitor the status of the Risk deliverables for the Programme and provide timely updates into the Programme team and Risk MT/Stakeholder community.
- Work with Risk stakeholders and the Programme team to identify project risks and issues and dependencies and actively monitor them, developing action/mitigation plan and assigning ownership.
- Continuously work on efficiency initiatives to improve processes and simplify ways of working.
- Excellent grip on Agile methodologies and process improvement techniques to deliver faster, simpler and better.
People & Talent
- Develop and leverage a strong network across Risk, Finance, Business and TTO
- Manage excellent relationship through an established engagement model with stakeholders both within Risk and other Functions.
- Look for process improvements and innovations with an objective to ‘Simplify’.
- Have an attitude to create a Collaborative Team Environment that builds a Regulatory Reporting Strategy capability for the future.
Risk Management
- Take personal responsibility for understanding the risk and compliance requirements of the role. Understand and comply with applicable laws and regulations, the Groups policies, procedures and the Group Code of Conduct.
- Effectively identify, escalate, mitigate and resolve risk and compliance matters. Contribute to a culture in which all stakeholders feel safe to raise concerns and where risk and compliance matters are addressed, and misconduct appropriately dealt with
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group’s Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
- Members of Risk MT and key Stakeholders (Credit Policy & Governance, Model Risk, Data), Finance (GCRR, GLRR, Financial Reporting, Treasury), 1LOD Modelling teams, CIB, WRB business stakeholders where appropriate
- Senior members of GCFO Change, CDO, Technology & Transformation Office
- Internal & external Audit
- Key Regulators
Our Ideal Candidate
- 10+ years experience in a risk regulatory setting ideally in the financial services space
- Bachelor’s or Master’s Degree in a quantitative field such as mathematics, statistics, economics, finance, computer science or a related discipline
- Knowledge of regulatory frameworks and Banking regulations, more specifically related to Credit RWA, IFRS9 ECL, ICAAP. Experience in Liquidity, Operational Risk and Market Risk also desirable.
- Experience in supporting Finance/Risk/Regulatory Change initiatives and projects in a fast evolving environment.
- Strong analytical mindset with excellent analytical, logical, reasoning and problem-solving skills including solid understanding of advanced mathematical concepts and programming languages such as Python or SAS
- Experience of working with multiple stakeholders; Managerial Information design and operation.
- Experience of working under pressure to produce high quality reporting in a highly controlled environment.
- Exceptional written and verbal communication skills, with the ability to effectively convey complex technical concepts to both technical and non-technical audiences
- A good understanding of the data and technology architecture and flows supporting Regulatory Reporting at Standard Chartered Bank
Role Specific Technical Competencies
- Experience of working in an environment supporting regulatory change or a s166 audit, preferably Basel related
- Strong Risk background ideally with exposure to Basel Credit Risk concepts including, IRB modelling, credit approval processes and understanding of governance and control concepts in the context of regulatory reporting
- Strong understanding of Data and technology used in Regulatory Reporting
- Able to operate in ambiguous environments and propose solutions/decisions using a risk based approach
- Excellent Stakeholder management
- Strong interpersonal skills
- Demonstrable leadership experience in support of virtual teams across multiple organisational functions
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
